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Date/Time

23 Mar 2016 17:02:00

Headline

SET News :Thai bourse to list TPBI on March 24

Symbol

SET

Source

SET

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SET
News 21/2016
March 23, 2016
Thai bourse to list TPBI on March 24
BANGKOK, March 23, 2016 -The Stock Exchange of Thailand (SET) will list TPBI
pcl, one of the world's leading plastic bag producers, on March 24, under the
ticker symbol "TPBI", as such being the first newly-listed company on SET in
2016. The company has a market capitalization at its initial public offering
(IPO) of THB 4.32 billion (approximately USD 122.87 million).
SET Senior Executive Vice President Santi Kiranand said that TPBI would list and
start trading on SET in Industrials industry group, Packaging sector, on March
24. With more than 30 years of experience, TPBI, a large integrated plastics
producer and distributor in Thailand, offered various types of plastic bags
covering vest carrier bags, t-shirt bags, garbage bags, fashion bags, stretched
hood packaging for palletized transportation, multi-layer film, and
biodegradable bags, to serve customers in various industries, retail, modern
trade and large-chain supermarket around the world, especially in Australia, the
United States, the United Kingdom and Japan.
TPBI has a paid-up registered capital of THB 400 million with a par value of THB
1.00 each, consisting of 300 million existing shares and 100 million newly
issued shares which are offered to the general public via IPO during March 16-18
at THB 10.80 each, for a total of THB 1.08 billion. Tisco Securities Co., Ltd.
is its financial advisor and underwriter.
TPBI's CEO Somsak Borrisuttanakul said that the listing of TPBI on SET would
strengthen financial capabilities. The fund raised would be used as working
capital and to increase production capacity, expand business and developing
environmentally friendly packaging to be in line with CSR in process policy,
customer lifestyles and global demand.
TPBI's three major shareholders after IPO are Borrisuttanakul group (73.91
percent), Deutsche Bank AG, London (4.00 percent), and Cheer (Thailand) Co., Ltd
(2.00 percent). The IPO price was equivalent to price-to-earnings ratio (P/E
ratio) of 11.87 times calculated by using the company's 2015 net profit, divided
by fully diluted shares, representing earnings per share of THB 0.91. TPBI's
dividend policy is to pay no less than 50 percent of net profits after taxes and
reserves.
For more information on TPBI, please see the company's prospectus at the
Securities and Exchange Commission's website at www.sec.or.th and general
information at the company's website at www.tpbi.co.th , as well as
www.set.or.th.
SET "Towards the 5th Decade of Sustainable Wealth for Thais"
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